House of Commons

Session 1997-98 Publications on the internet International Development Committee Reports

International Development - Third Report Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 5 May 1998.

TABLE OF CONTENTS Terms of Reference REPORT Paragraph Executive Summary 1 Introduction 2 The Causes of Unsustainable Debt 7 How Much is Owed and to Whom? 16 Human Development Implications of Unsustainable Debt 17 Economic Effects of Unsustainable Debt 21 Bilateral Debt Relief: The UK 23 The Paris Club 27 The HIPC Initiative 28 Progress to Date of the HIPC Initiative: 33 The Number of Countries Eligible for HIPC Initiative Relief 38 Rules Governing the Amount of Relief Provided 39 Sustainability Ratios 40 Timing of Relief Under the HIPC Initiative 44 Conditionality Attached to Debt Relief 47 Rwanda 57 The Cost of Debt Relief 61 Conclusion 65 SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS ANNEX: BACKGROUND NOTE ON INTERNATIONAL DEBT PROCEEDINGS OF THE COMMITTEE LIST OF WITNESSES LIST OF MEMORANDA INCLUDED IN THE MINUTES OF EVIDENCE LIST OF APPENDICES TO THE MINUTES OF EVIDENCE MINUTES OF EVIDENCE APPENDICES TO THE MINUTES OF EVIDENCE

© Parliamentary copyright 1998	Prepared 13 May 1998

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